BlueMountain Capital was founded in 2003 by two former Harvard Law School students, and it was once one of the most prominent hedge funds on Wall Street.
Q3 2021 hedge fund letters, conferences and more
The hedge fund shot to fame in 2012 after it made substantial profits from JP Morgan Chase's London whale trading debacle. It ultimately helped the investment bank unwind its loss-making positions, which helped cement its place on Wall Street. Between 2012 and 2013, assets under management increased from $12 billion to $18 billion.
Assets under management peaked at $23 billion in 2016.
Decision to liquidate
From there,...
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